People going into a Poundland storeImage source, Getty Images
BySimon JackBusiness editor
  • Published6 hours ago

Poundland and its 11,000 employees are hopeful that the retailer's impending collapse can be delayed to allow time for a last-minute rescue deal.

The discount chain has been edging towards administration after being blocked by its owners from accessing cash in its bank accounts.

A deadline to secure a buyer for the business is set to expire at midnight, but sources close to the situation have told the BBC that they expect more time will be given, thanks to the release of £10m in funding.